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Veda Raises $18M to Expand DeFi Vault Infrastructure Powering Over $3.7B in Assets
In a significant move to streamline decentralized finance (DeFi) yields for applications and institutions across various blockchains, Veda has successfully secured an $18 million funding round led by CoinFund. This strategic infusion of capital underscores a robust commitment to enhancing the accessibility and efficiency of DeFi services globally.
Veda, a prominent player in the DeFi sector, is set to utilize these funds to broaden its vault infrastructure. This expansion is critical as it currently supports the management of more than $3.7 billion in assets. By doing so, Veda aims to address and simplify the complexities associated with DeFi investments, making them more accessible to a broader audience including mainstream financial institutions.
The decision by CoinFund to lead this funding round highlights the growing confidence in decentralized technologies and their potential to transform traditional financial landscapes. It also reflects a significant endorsement of Veda’s innovative approach and its future role in the DeFi ecosystem.
David Pakman, a partner at CoinFund, expressed enthusiasm about the investment, noting that Veda’s technology is pivotal for the evolution of financial infrastructures. He emphasized that Veda is not just creating solutions but is also paving the way for more secure and efficient asset management practices in the DeFi space.
With the fresh capital, Veda plans to accelerate the development of its technology and expand its offerings. The firm is committed to removing barriers to entry for DeFi and enabling seamless interaction across different blockchain platforms. This approach not only enhances functionality but also ensures greater security and compliance with regulatory standards, making it a trustworthy option for institutional investors.
As Veda continues to innovate and push the boundaries of what is possible in the DeFi world, the support from CoinFund and other investors will undoubtedly play a crucial role in shaping the future of finance. By making DeFi more accessible and easier to navigate, Veda is setting a new standard in the industry and helping to foster a more inclusive financial ecosystem.
Investors and market watchers are keenly observing Veda’s growth trajectory and its impact on the DeFi sector. The expansion of its vault infrastructure is anticipated to not only boost its asset management capabilities but also enhance the overall stability and reliability of decentralized financial services.
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